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IBDvalueinvestin (98.52)

Fear index hits 1-year high



May 07, 2010 – Comments (2)

CNNMoney - Blake Ellis - 18 hours ago
... or just thinks that there's another shoe about to drop," said Joseph Saluzzi, ... Many investors fear that Spain and Portugal could be two of the next ...

2 Comments – Post Your Own

#1) On May 07, 2010 at 12:10 PM, IBDvalueinvestin (98.52) wrote:

Still way too early to test the waters, Fear index needs to go Higher, needs to hit March 2009 levels. Probably will happen in 2nd week of selling Next week.

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#2) On May 07, 2010 at 12:20 PM, IBDvalueinvestin (98.52) wrote:

LOL US mkts now green +18 points on DJIA, while European stocks finished at day lows. Who is being suckered to buy here is beyond me but I would not go long over the weekend only to come to work on Monday and see that :

FUTURES are DOWN -100 points before the day even Begins.

I have been watching this market for far too many years to fall for the same B.S. trick rebound that suckers all the newbies everytime. Its no different this time.

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